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Three phase expansion mooted for CHDZ industrial sectors

Following the implementation of its large-scale expansion plan, the Changchun Hi-tech Development Zone (CHDZ), one of the nation's top 10 State-level hi-tech zones, is expected to enjoy substantial growth over the next few years.

The key elements of the new plan include the consolidation of the existing southern area and the enhanced development of its newly established northern zone.

Changchun Hi-tech Development Zone;CHDZ;expansion

The administrative center headquarters for the Sino-Russian scientific and technological cooperation projects in the hi-tech area.

The northern area of the hi-tech zone, located in the northeastern part of Changchun, the capital city of northeast China's Jilin province, has been approved by the provincial government as a pioneering zone for a new strategic program in the province - the integrated development plan of Changchun, Jilin City and the Tumen River area. The Tumen River area, which covers territories in China, Russia and North Korea, is already part of a United States-sponsored development program, targeting large-scale regional economic cooperation in Northeast Asia.

In addition, the northern area is also regarded as the core sector of a development scheme proposed by the Changchun city government, a program set to re-invent the economic prospects of northeastern Changchun.

Sun Yaming, director of the administration committee of the CHDZ and also the assistant to mayor of Changchun, said CHDZ has released a document outlining a proposed three-phase development of the area and an agreed timeline for its implementation.

According to the document, total sales revenues and gross domestic product (GDP) for the hi-tech zone are projected to grow by 24 percent and 23 percent annually by 2010. The sales revenues of its research and development (R&D) facilities - an important index in demonstrating any hi-tech zone's innovation capacity - are expected to account for 2.7 percent of the total revenues during the same period.

By 2015 when the second phase of the expansion program is completed, the CHDZ is expected to have an annual growth of 26 percent in total sales revenues and 24 percent annual growth in GDP. The R&D sales revenues are scheduled to account for 5 percent of the total.

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 Source : China Daily  Editor: Ivy
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